EXECUTIVE COMPENSATION

Committee approved the removal of Texas Capital Hope Bancorp’s more comparable performance Bancshares and addition of Hope Bancorp due to and geographic focus.

– 2 removed + 1 added • SVB Financial • Hope Bancorp • Texas Capital Bancshares

The resulting peer group used for benchmarking compensation for 2021 consisted of the companies set forth in the table below.

COMPENSATION PEER GROUP

Peer Group • Bank of Hawaii Corporation • PacWest Bancorp • BankUnited, Inc. • Prosperity Bancshares, Inc. • Banner Corporation • Synovus Financial Corp. • Cathay General Bancorp • Trustmark Corporation • Columbia Banking System • UMB Financial • Commerce Bancshares, Inc. • Umpqua Holdings Corporation • East West Bancorp, Inc. • United Bankshares, Inc. • F.N.B. Corporation • Webster Financial Corporation • Great Western Bancorp, Inc. • Western Alliance Bancorporation • Hope Bancorp • Corporation • International Bancshares Corporation

In addition to data from the custom peer group, the perspective on pay levels and practices for specific Compensation Committee also reviews data from positions, particularly positions below the NEO level. proprietary industry survey sources to gain a broader

2020 CEO Compensation

The framework for the compensation of our Chief Executive Officer (“CEO”) is based on a strong alignment with stockholder interests and a consistency with market practices. For 2020, First Hawaiian’s CEO pay mix was aligned with the average pay mix across the peer group. For more information on our peer group, please see “Benchmarking Compensation,” below. The following graphs compare our CEO’s target pay mix for 2020 to the average target pay mix for CEO’s of our peer group.

FIRST HAWAIIAN, INC. 2021 PROXY STATEMENT 49